Choosing a career after completing your commerce degree is one of the hardest decisions we all make. There are various career options available after B.com which helps in the growth and development of a person. While selecting a career many things are to be kept in mind such as interest of a person, salary requirements of a person etc.
Promising Career Paths After B.com
There are many promising careers that you can take after B.com course, and here we are listing a few career options that you can choose. The following are some of the career paths you can choose after B.com. The following are the main career options available after B.com:
Top 10 Career Paths After B.com
Accountant:
Accountant is a person who keeps all the financial records of a business or an individual. This further involves recording financial transactions and preparing financial statements such as balance sheet, income statement and cash flow statement. The work of accountant also includes preparing and filing tax returns. Some accountants conduct audits to verify the accuracy of financial records.
SALARY: Entry-Level: ₹2.5 Lakhs to ₹4.5 Lakhs per year
Mid-Level (3-7 years): ₹4 Lakhs to ₹8 Lakhs per year
Senior-Level (7+ years): ₹7 Lakhs to ₹15 Lakhs per year and above
EDUCATIONAL REQUIREMENTS: Here are the educational requirements of an accountant explained in points:
- Bachelor’s Degree (Minimum): Most entry-level accounting positions require a bachelor’s degree in accounting, finance, or a closely related field like business administration or in commerce i.e. B.com.
- Master’s Degree (Often Preferred): For more advanced roles and increased career opportunities, a Master’s degree in Accounting or an MBA with an accounting concentration is often preferred by employers.
- Professional Certifications Often Require Specific Education: Pursuing professional certifications like CPA, CMA, or CIA often has specific educational prerequisites that need to be met before taking the certification exams.
Auditor:
Auditors act as financial watchdogs. Their main work is to check the accuracy of financial statements and also do internal audits of a business or a company. Internal auditors are the persons who works within the organization and focuses on improving operations, managing risks and preventing frauds within the organization. On the other hand, External auditors are independent professionals or firms hired to examine the financial statements of a business or a company.
SALARY: Entry-Level: ₹3 Lakhs to ₹5 Lakhs per year
Mid-Level (3-7 years): ₹5 Lakhs to ₹9 Lakhs per year
Senior-Level (7+ years): ₹8 Lakhs to ₹16 Lakhs per year and above
EDUCATIONAL REQUIREMENTS: Here are the educational requirements of an auditor explained in points:
- Bachelor’s Degree: A bachelor’s degree in accounting, finance, or a related field like business administration or economics is generally the minimum educational requirement.
- Master’s Degree (Beneficial): While not always mandatory, a master’s degree in accounting, auditing, or business administration with an accounting concentration can significantly enhance career prospects.
- Certified Public Accountant (CPA): Essential for external auditors in many countries. It requires meeting educational and experiential benchmarks and passing a comprehensive exam.
- Certified Internal Auditor (CIA): Ideal for those specializing in internal auditing, focusing on risk management and governance.
Financial Analyst:
Financial analysts are responsible for taking various investment decisions for their company or clients. To become a financial analyst there is a requirement of strong mathematical and analytical skill. They analyze past performance, forecast future trends, and evaluate investment opportunities. They often work for investment firms, banks etc. and help them in taking various investment decisions.
SALARY: Entry-Level: ₹4 Lakhs to ₹6 Lakhs per year
Mid-Level (3-7 years): ₹6 Lakhs to ₹12 Lakhs per year
Senior-Level (7+ years): ₹10 Lakhs to ₹20 Lakhs per year and above.
EDUCATIONAL REQUIREMENTS: Here are the educational requirements of a financial analyst explained in points:
- Bachelor’s Degree: A bachelor’s degree in finance, accounting, economics, or a related field like business administration, statistics, or mathematics is generally the minimum requirement for entry-level positions.
- Master’s Degree (Preferred): Many employers, especially for more advanced roles, prefer candidates with a master’s degree in finance, Business Administration (MBA) with a finance concentration, or a related field.
- Licenses (If Required): Some financial analyst roles, particularly those involving securities, may require specific licenses from regulatory bodies like the Financial Industry Regulatory Authority (FINRA) in the United States. These often require sponsorship from an employer.
Investment Banker:
An investment banker is a financial professional who help companies, banks and other entities raise capital and manage their investments. They further provide financial advice which helps in issuing securities such as shares, bonds etc. An investment banker may be involved in any of the financial advisory activities such as capital raising, private placement of capital, Debt & equity advisory services etc.
SALARY: Analyst (0-3 years): ₹6 Lakhs to ₹15 Lakhs per year
Associate (3-6 years): ₹15 Lakhs to ₹30 Lakhs per year
Vice President (7+ years): ₹30 Lakhs to ₹60 Lakhs per year
EDUCATIONAL REQUIREMENTS: Here are the educational requirements of an investment banker explained in points:
- Bachelor’s Degree: A bachelor’s degree is generally the minimum educational qualification required. Common and preferred fields of study include finance, economics, business administration, accounting, statistics.
- Strong Academic Performance: Investment banks, especially for entry-level positions, often look for candidates with a strong academic record (good grades).
- Internships: Gaining practical experience through internships at investment banks, financial institutions, or related firms is highly valued.
Stockbroker:
Stockbroker is also known as financial advisor or wealth manager. A stockbroker is a licensed intermediary who buys and sells stocks on behalf of investors in a stock exchange. The term “stockbroker” is used to describe a variety of career paths such as Stock Traders, Investment Brokers, Commodities Brokers, or Bond Brokers.
SALARY: Entry-Level: ₹2.5 Lakhs to ₹4 Lakhs per year (base salary + potential commission)
Mid-Level (3-7 years): ₹4 Lakhs to ₹10 Lakhs per year (higher commission potential)
Senior-Level (7+ years): ₹10 Lakhs to ₹25 Lakhs per year and above (significant commission potential).
EDUCATIONAL REQUIREMENTS: Here are the educational requirements of a stockbroker explained in points:
- Minimum Requirement (India): In India, the minimum educational qualification to become a stockbroker is typically the completion of Higher Secondary College (10+2).
- SEBI Registration: Once you have the necessary certifications, you must apply for registration with SEBI. This involves submitting an application and complying with SEBI’s requirements to get licensed as a stockbroker
- Membership with a Stock Exchange: A stockbroker in India needs to be a member of a recognized stock exchange such as the Bombay Stock Exchange (BSE) or the National Stock Exchange of India (NSE).
- Communication Skills: Effective communication is necessary to explain complex financial concepts to clients and build strong relationships.
Also Read: Banking Sector of India
Tax Consultant
Tax consultants are professionals who specialize in tax law and financial related counseling. They advise clients on filing income tax returns. This involves preparing tax returns, representing clients in tax audits, and staying up to date with ever-changing tax legislation. Strong analytical skills, attention to detail, and a deep understanding of tax laws are essential.
SALARY: Entry-Level: ₹3 Lakhs to ₹5 Lakhs per year
Mid-Level (3-7 years): ₹5 Lakhs to ₹9 Lakhs per year
Senior-Level (7+ years): ₹8 Lakhs to ₹18 Lakhs per year and above.
EDUCATIONAL REQUIREMENTS: Here are the educational requirements of a tax consultant explained in points:
- Bachelor’s Degree: Most tax consultant jobs require at least a four-year college degree. Good subjects to study are Accounting (deals with financial records), Finance (deals with managing money)
, Business Administration (general business knowledge), Economics (how the economy works). - Gain Practical Experience: Getting real-world experience is super important. You can do this through internships at Tax consulting firms, accounting companies, tax departments of businesses.
- Get Certified (Can Boost Your Career): While not always mandatory, getting a professional certification shows you have expertise. Some common certifications include Chartered Accountant (CA) is a well-respected certification in India, Certified Public Accountant (CPA) is a another recognized accounting certification.
Management Accountant
A management accountant is an individual who uses accounting and financial information to help managers make better decisions and improve a company’s performance. They focus on providing internal information to support strategic planning, performance measurement, and control within an organization. This includes budgeting, cost analysis, performance evaluation, and forecasting.
SALARY: Entry-Level: ₹3.5 Lakhs to ₹5.5 Lakhs per year
Mid-Level (3-7 years): ₹5.5 Lakhs to ₹10 Lakhs per year
Senior-Level (7+ years): ₹9 Lakhs to ₹18 Lakhs per year and above.
EDUCATIONAL REQUIREMENTS: Here are the educational requirements of a management accountant explained in points:
- Bachelor’s Degree: A bachelor’s degree is generally the minimum educational requirement. Common fields of study include accounting, finance, business management, economics.
- Consider a master’s degree: While not always mandatory, a master’s degree can enhance your career prospects, especially for more senior management roles. Relevant master’s degrees include Master of Accountancy with a focus on Management Accounting, Master of science in finance, Master of management.
- Certified Public Accountant (CPA): While more focused on public accounting (auditing, taxation), a CPA can be valuable, especially in roles that bridge financial and management accounting.
- Chartered Global Management Accountant (CGMA): A global designation offered jointly by the AICPA (American Institute of Certified Public Accountants) and CIMA (Chartered Institute of Management Accountants).
Corporate Secretary:
After B.com becoming a corporate secretary is also a good option. A corporate secretary is a senior officer in a company responsible for the administrative operations of the board of directors and senior management. This includes managing Board meetings, maintaining company records, handling shareholder communication. A corporate secretary is trusted with maintaining corporate records, supplying the board with resources, creating meeting minutes, and other matters for the board and its committees.
SALARY: Entry-Level: ₹3 Lakhs to ₹5 Lakhs per year
Mid-Level (3-7 years): ₹5 Lakhs to ₹9 Lakhs per year
Senior-Level (7+ years): ₹8 Lakhs to ₹15 Lakhs per year and above
EDUCATIONAL REQUIREMENTS: Here are the educational requirements of a corporate secretary explained in points:
- For entry-level positions or to begin the professional qualification journey: Successful completion of 10+2 (or equivalent) in any stream (excluding Fine Arts) from a recognized board. This qualifies you to register for the entrance exam (like CSEET in India).
- For direct entry to higher levels of professional qualification: A bachelor’s degree in any stream other than Fine Arts from a recognized university can allow direct entry to the Executive Programme of the Company Secretary course (bypassing the foundation level).
- A post-graduate degree (excluding Fine Arts) can also qualify for direct entry to the Executive Programme.
- Practical Training: Completion of practical training is usually a mandatory part of becoming a qualified Corporate Secretary. This provides real-world experience and application of the knowledge gained through the academic program. The duration and structure of this training can vary.
Business Analyst
After B.com, becoming a business analyst is also a good option. Business analysts bridge the gap between business needs and IT solutions. They analyze all the business processes and finds solution for the business problems. Strong analytical, problem solving and communication skills are important to become a successful business analyst. There are some general functions that all the business analysts perform such as reviewing trends, understanding and developing business strategies. planning, budgeting, forecasting and also identity the goals of a business.
SALARY: Entry-Level: ₹4 Lakhs to ₹7 Lakhs per year
Mid-Level (3-7 years): ₹7 Lakhs to ₹14 Lakhs per year
Senior-Level (7+ years): ₹12 Lakhs to ₹22 Lakhs per year and above.
EDUCATIONAL REQUIREMENTS: Here are the educational requirements of a business analyst explained in points:
- Bachelor’s Degree: While a specific degree in “Business Analysis” might be less common at the undergraduate level, degrees in these areas provide a strong foundation Business Administration, Finance, Economics, Information Technology, Computer Science.
- Coursework: These programs typically include courses that develop essential skills for business analysts, such as Business Statistics, Principles of accounting, Data Analysis, Database Management, Business intelligence.
- Certifications (Valuable Supplements): Some popular certifications include:
Entry Certificate in Business Analysis (ECBA): For beginners (IIBA).
Certification of Capability in Business Analysis (CCBA): For those with some experience (IIBA).
Marketing Manager
After B.com becoming a marketing manager is also a good option. Marketing managers are responsible for developing and implementing marketing strategies to promote products or services. This involves market research, branding, advertising, digital marketing, and managing marketing campaigns. Creativity, strategic thinking, and strong communication skills are essential to reach target audiences effectively.
SALARY: Entry-Level (Marketing Executive/Assistant): ₹3 Lakhs to ₹5 Lakhs per year
Mid-Level (3-7 years): ₹6 Lakhs to ₹12 Lakhs per year
Senior-Level (7+ years): ₹10 Lakhs to ₹20 Lakhs per year and above. Top marketing managers can earn significantly more (₹25 Lakhs+).
EDUCATIONAL REQUIREMENTS: Here are the educational requirements of a marketing manager explained in points:
- A Bachelor’s degree in Marketing, Business Administration with a marketing concentration, Communications, or a related field is generally required.
- An MBA with a focus on Marketing is often preferred for senior-level positions. Certifications in digital marketing or specific marketing tools can also be beneficial.
CONCLUSION: In the end, we may conclude that basically, your B.com opens a lot of doors, and if you keep learning and working hard, you can find a really good and interesting job in the business world!